The formula for calculating the CPI is
A) (Expenditures in the current year/Expenditures in the base year) × 100.
B) (Expenditures in the current year × Expenditures in the base year)/100.
C) (Expenditures in the base year/Expenditures in the current year).
D) (Expenditures in the base year × 100)/(Expenditures in the current year).
Answer: A
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Which of the following activities can create a beneficial externality?
a. Parking cars on the road in front of your house. b. Encouraging children to play on the field opposite a hospital. c. Planting colorful flowers in your garden. d. Practicing and playing drums in the morning hours.
Strikes are a form of legitimized extortion by which workers withhold labor to extract higher returns for management
Indicate whether the statement is true or false
In 2013, the poverty line for a family of four was about:
a. $18000 b. $23800 c. $25300 d. $35100
Refer to the following graph.
The point on the graph corresponding to the socially optimal output per year and the price sellers must receive to make that amount available is shown by point:
A. H. B. K. C. G. D. I.